What are the Financial Requirements for IndiaFirst Term Plan?
IndiaFirst Life Insurance offers various term insurance plans with different coverage options and premium amounts. The financial requirements for IndiaFirst term plan may vary depending on the specific plan and the individual's circumstances. However, some general financial requirements for IndiaFirst term plan are:
- Minimum Age: The minimum age requirement for IndiaFirst term plan is typically 18 years.
- Maximum Age: The maximum age requirement for IndiaFirst term plan may vary depending on the specific plan. However, most plans have a maximum age requirement of 65 years.
- Sum Assured: The sum assured is the amount of coverage that the policy offers to the policyholder. The minimum sum assured for IndiaFirst term plan may vary depending on the plan. However, most plans have a minimum sum assured of Rs. 25 lakhs.
- Premium Payment: The premium amount for the IndiaFirst term plan may vary depending on the specific plan and the individual's age, health, and other factors.
- Medical Examination: Depending on the sum assured and the individual's age and health condition, a medical examination may be required to assess the risk involved in the policy.
How Does IndiaFirst Term Plan with Return of Premium Work?
IndiaFirst's term plan with a return of premium is the same as a standard term plan. It works as a life cover and provides a death benefit to the beneficiaries of the policy. Policyholders can benefit from a term plan with a return of premium by paying an additional premium.
Example:
- If a 30-year-old person purchased the term insurance policy with a return of premium of Rs. 1 crore for 25 years
- If he dies in the policy period itself, his family will get 1 crore
- If he survived the policy period then he will get the return of the premium amount from the insurer.
How to Compare IndiaFirst Term Plan Premium Calculator Online?
You can compare IndiaFirst's term plan with other top leading insurers online using the term plan premium calculator on our portal. The term plan premium calculator offers a premium, that you should be paid out based on the sum assured from your policy. It helps you obtain premium quotes in minutes without any documentation.
- Enter personal information such as name, gender, date of birth, yearly income, city, mobile number, and tobacco consumer or not, etc.
- The sum assured you wish your family/beneficiary to receive from your policy and Maturity coverage
- The premium calculator will recommend plans with different premium rates for you in accordance with the details you have provided.
- Once you have evaluated what plan is right for you, you can proceed to purchase it online without any delay.
Is IndiaFirst Term Insurance Good?
Yes, Buying IndiaFirst Term Insurance Policy is good. In most of the term insurance policies, claims are paid to the nominee in case of death of the policyholder whereas IndiaFirst term insurance policies provide maturity benefit to the insured customers in case of survival till the end of the policy period. It also provides High protection at low premiums, Add-ons, and Financial Security. Low premium and attractively large cover, Financial dependents are protected, Ensure your assets, Riders/add-ons.
How Much Premium for 20 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 20 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 20 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 20 crore term insurance policy might range from approximately Rs. 1,20,000* to Rs. 1,50,000*.
How Much Premium for 15 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 15 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 15 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 15 crore term insurance policy might range from approximately Rs. 1,00,000* to Rs. 1,15,000*.
How Much Premium for 10 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 10 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 10 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 10 crore term insurance policy might range from approximately Rs. 75,000* to Rs. 85,000*.
How Much Premium for 7 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 7 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 7 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 7 crore term insurance policy might range from approximately Rs. 40,000* to Rs. 60,000*.
How Much Premium for 5 Crore Term Insurance Policy?
Term insurance plans are affordable and provide high coverage at a low cost. 5 Crore term Insurance is a term life insurance policy that offers a sum assured of Rs. 5 Crore. In case of an unexpected death of the life assured during the policy term, a death benefit will be provided to the nominee mentioned under the term insurance policy. For a 30-year-old non-smoker, the annual premium for a 5 crore term insurance policy might range from approximately Rs. 25,000* to Rs. 35,000*.